PAGH HOLDING A/S

CVR 26686180 · Public limited company (A/S) · Active · Low risk

PAGH HOLDING A/S is a Public limited company (A/S), founded on 1 July 2002, based in Bryrup. The company is registered in the industry dyrkning af træer og andre skovbrugsaktiviteter. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 14.2m and a net result of DKK -844k.

Bankruptcy risk for PAGH HOLDING A/S

0.0%

probability of bankruptcy within 12 months

Low risk

0.0 × the average (1.41%) · higher risk than 0% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×

CEO changes1 · bankruptcy rate 11.4%1.3×

CEO's other companies0 · bankruptcy rate 10.9%1.2×

Audit opted outYes · bankruptcy rate 10.4%1.2×

Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×

Published annual reports10+ · bankruptcy rate 3.0%0.35×

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×

Equity ratio60%+ · bankruptcy rate 3.3%0.38×

Company typeA/S · bankruptcy rate 4.4%0.50×

Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number: 26686180
Status: Active
Company type: Public limited company (A/S)
Founded: 1 July 2002 (24 years)
Address: Svinsbjergvej 26
8654 Bryrup
Municipality: Silkeborg
Industry: Dyrkning af træer og andre skovbrugsaktiviteter (021000)
Bankruptcies in the industry: Dyrkning af træer og andre skovbrugsaktiviteter
Share capital: DKK 500k
Employees: 1 (2018)
Auditor: Skov Revision
Audit opted out: Yes

Warning signs

Annual reports filed late	0 of 23
Missing annual report	No
Negative equity	No
Equity ratio	98.6%
Current ratio	5,157%
Moves (last 2 years)	0
CEO changes in total	1
CEO's previous bankruptcies	0
Other companies at the address	0
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024
Gross profit	DKK -152k	DKK -120k
Net profit	DKK -844k	DKK 1.6m
Equity	DKK 14.2m	DKK 15.1m
Total assets	DKK 14.4m	DKK 15.6m
Cash	DKK 240k	–
Short-term debt	DKK 208k	–
Avg. employees	1	–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Skov Revision.

Filed annual reports

Reporting period	Published	Days after period end
1 Jul 2024 – 30 Jun 2025	24 Oct 2025	116
1 Jul 2023 – 30 Jun 2024	20 Dec 2024	173
1 Oct 2021 – 30 Sep 2022	22 Dec 2022	83
1 Oct 2020 – 30 Sep 2021	7 Dec 2021	68
1 Oct 2019 – 30 Sep 2020	7 Dec 2020	68
1 Oct 2018 – 30 Sep 2019	17 Dec 2019	78
1 Oct 2017 – 30 Sep 2018	27 Dec 2018	88
1 Oct 2016 – 30 Sep 2017	6 Dec 2017	67
1 Oct 2015 – 30 Sep 2016	21 Dec 2016	82
1 Oct 2014 – 30 Sep 2015	8 Dec 2015	69
1 Oct 2013 – 30 Sep 2014	18 Dec 2014	79
1 Oct 2012 – 30 Sep 2013	9 Jan 2014	101
1 Oct 2011 – 30 Sep 2012	30 Jan 2013	122
1 Oct 2010 – 30 Sep 2011	8 Mar 2012	160
1 Oct 2009 – 30 Sep 2010	24 Feb 2011	147
1 Oct 2008 – 30 Sep 2009	1 Mar 2010	152
1 Oct 2007 – 30 Sep 2008	14 Jan 2009	106
1 Oct 2006 – 30 Sep 2007	13 Jan 2008	105
1 Oct 2005 – 30 Sep 2006	15 Jan 2007	107
1 Oct 2004 – 30 Sep 2005	23 Jan 2006	115

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

Role	Name	From	To
CEO	Karsten Pagh	1 Jul 2002	18 Jan 2022
Board	Anders Thykjær Pagh	28 Jan 2022	Current
Board	Rasmus Thykjær Pagh	28 Jan 2022	Current
Board	Susanne Thykjær Pagh	28 Jan 2022	Current
Board	Anders Thykjær Pagh	1 Jul 2002	27 Jan 2022
Board	Karsten Pagh	1 Jul 2002	18 Jan 2022
Board	Rasmus Thykjær Pagh	1 Jul 2002	27 Jan 2022
Owner (100%)	Susanne Thykjær Pagh	18 Jan 2022	Current
Owner (100%)	Karsten Pagh	1 Jul 2002	17 Jan 2022
Auditor	DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB	1 Jul 2002	13 Oct 2011
Auditor	DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB	13 Oct 2011	20 Dec 2022
Founder	Karsten Pagh	1 Jul 2002	Current

The CEOs' other companies

Karsten Pagh – 2 other companies

IGF EJENDOMME A/S Fusioneret
IGF FINANS A/S Fusioneret

Address history (1 moves)

1 Jan 2007	Svinsbjergvej 26, 8654 Bryrup
1 Jul 2002	Svinsbjergvej 26, 8654 Bryrup

Employees per year

Similar companies in Silkeborg

Questions and answers about PAGH HOLDING A/S

Has PAGH HOLDING A/S gone bankrupt?

No, PAGH HOLDING A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of PAGH HOLDING A/S?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the auditor of PAGH HOLDING A/S?

PAGH HOLDING A/S most recently used Skov Revision.

When was PAGH HOLDING A/S founded?

PAGH HOLDING A/S was founded on 1 July 2002.

What is the equity of PAGH HOLDING A/S?

Equity was DKK 14.2m according to the annual report for the period ending 30 June 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.